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Cashing in on Presents

How are you paying for Christmas?  Thanks to the ease of paying by credit or debit cards as well as the ability to carry out direct transfers between accounts, the idea of cheque books as a prime means of payment may be a thing of the past. But can the same be said for cash? 

Not according to a recent survey by the Post Office. Their research has revealed that 59% of people are likely to use cash rather than cards when buying gifts, treats or socialising this Christmas. That figure rises to 66% for those in rural areas, perhaps partly to the availability of cash withdrawals for bank customers at Post Office counters. Interestingly when it comes to giving gifts, 45% of us are likely to give cash as a Christmas present; another reason perhaps why cash is still seen as an acceptable payment medium.   

If you are looking for advice on investments, or if your situation has changed and you may therefore need to review your existing pensions or investments, contact Beckworth by using one of the links on our website. In the meantime, may we wish you a very happy Christmas and New Year.